AG vs. HL
AG (First Majestic Silver Corp.) and HL (Hecla Mining Company) are both stocks. Both are in the Basic Materials sector — AG in Silver, HL in Gold. Over the past 10 years, AG returned 4.39%/yr vs 14.04%/yr for HL. A 0.78 correlation means they provide meaningful diversification when combined.
Performance
AG vs. HL - Performance Comparison
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Returns By Period
In the year-to-date period, AG achieves a 11.48% return, which is significantly higher than HL's -16.28% return. Over the past 10 years, AG has underperformed HL with an annualized return of 4.39%, while HL has yielded a comparatively higher 14.04% annualized return.
AG
- 1D
- -4.48%
- 1M
- -5.90%
- YTD
- 11.48%
- 6M
- 13.38%
- 1Y
- 117.42%
- 3Y*
- 49.77%
- 5Y*
- 3.06%
- 10Y*
- 4.39%
HL
- 1D
- -3.95%
- 1M
- -6.93%
- YTD
- -16.28%
- 6M
- -17.23%
- 1Y
- 164.45%
- 3Y*
- 45.41%
- 5Y*
- 16.88%
- 10Y*
- 14.04%
AG vs. HL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 11.48% | 204.32% | -10.47% | -25.99% | -24.73% | -17.24% | 9.62% | 108.15% | -12.61% | -11.66% |
HL Hecla Mining Company | -16.28% | 291.70% | 2.82% | -12.93% | 6.99% | -18.97% | 91.83% | 44.43% | -40.37% | -24.08% |
Correlation
The correlation between AG and HL is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.88 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2010 | 0.78 |
The correlation between AG and HL shifts across timeframes, from 0.78 (all time) to 0.88 (1 year), reflecting how their relationship changes across market environments.
Fundamentals
AG:
$9.31B
HL:
$10.84B
AG:
$0.60
HL:
$0.84
AG:
31.11
HL:
19.10
AG:
0.55
HL:
0.08
AG:
6.13
HL:
6.79
AG:
3.20
HL:
4.22
AG:
$1.49B
HL:
$1.57B
AG:
$646.49M
HL:
$788.95M
AG:
$824.25M
HL:
$864.40M
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Return for Risk
AG vs. HL — Risk / Return Rank
AG
HL
AG vs. HL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Majestic Silver Corp. (AG) and Hecla Mining Company (HL). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AG | HL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 2.96 | -0.64 |
| Martin ratioReturn relative to average drawdown | 5.57 | 6.55 | -0.98 |
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Drawdowns
AG vs. HL - Drawdown Comparison
The maximum AG drawdown since its inception was -90.20%, smaller than the maximum HL drawdown of -97.92%. Use the drawdown chart below to compare losses from any high point for AG and HL.
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Drawdown Indicators
| AG | HL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -90.20% | -97.92% | +7.72% |
Max Drawdown (1Y)Largest decline over 1 year | -50.88% | -55.81% | +4.93% |
Max Drawdown (3Y)Largest decline over 3 years | -50.88% | -55.81% | +4.93% |
Max Drawdown (5Y)Largest decline over 5 years | -73.79% | -57.07% | -16.72% |
Max Drawdown (10Y)Largest decline over 10 years | -80.82% | -82.45% | +1.63% |
Current DrawdownCurrent decline from peak | -42.00% | -49.49% | +7.49% |
Average DrawdownAverage peak-to-trough decline | -59.16% | -69.93% | +10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 21.18% | 25.22% | -4.04% |
Volatility
AG vs. HL - Volatility Comparison
First Majestic Silver Corp. (AG) has a higher volatility of 24.52% compared to Hecla Mining Company (HL) at 22.10%. This indicates that AG's price experiences larger fluctuations and is considered to be riskier than HL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AG | HL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 24.52% | 22.10% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 58.21% | 54.39% | +3.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 74.26% | 73.18% | +1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 61.80% | 59.38% | +2.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 62.05% | 62.82% | -0.77% |
Dividends
AG vs. HL - Dividend Comparison
AG's dividend yield for the trailing twelve months is around 0.19%, more than HL's 0.09% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AG First Majestic Silver Corp. | 0.19% | 0.12% | 0.33% | 0.34% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HL Hecla Mining Company | 0.09% | 0.08% | 0.81% | 0.65% | 0.40% | 0.72% | 0.25% | 0.29% | 0.42% | 0.25% | 0.19% | 0.53% |
Financials
AG vs. HL - Financials Comparison
This section allows you to compare key financial metrics between First Majestic Silver Corp. and Hecla Mining Company. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
AG vs. HL - Profitability Comparison
AG - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Majestic Silver Corp. reported a gross profit of 259.78M and revenue of 470.07M. Therefore, the gross margin over that period was 55.3%.
HL - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Hecla Mining Company reported a gross profit of 253.26M and revenue of 411.43M. Therefore, the gross margin over that period was 61.6%.
AG - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Majestic Silver Corp. reported an operating income of 232.71M and revenue of 470.07M, resulting in an operating margin of 49.5%.
HL - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Hecla Mining Company reported an operating income of 223.11M and revenue of 411.43M, resulting in an operating margin of 54.2%.
AG - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Majestic Silver Corp. reported a net income of 126.32M and revenue of 470.07M, resulting in a net margin of 26.9%.
HL - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Hecla Mining Company reported a net income of 266.45M and revenue of 411.43M, resulting in a net margin of 64.8%.
Frequently Asked Questions
AG and HL have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
AG has higher volatility (24.52%) compared to HL (22.10%). In terms of maximum drawdown, AG dropped -90.20% vs HL's -97.92%.
HL currently has the higher Sharpe Ratio (2.26 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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